Michael Winship

"News from the White House that $500,000 was the cap the government wants to put on executive salaries at the banks receiving bailout cash had some on Wall Street and along the plush corridors of Manhattan's swank Upper East Side hollering "Unfair!"..."You Try to Live on 500K in This Town" was the tongue-in-cheek headline in last Sunday's New York Times... But they work hard for their multi-million dollar salaries and bonuses, perks and solid gold benefits, complained some of the financiers. Besides, executive headhunters say, the money giants just can't get good help for anything less."